Southside Bancshares (SBSI) chief lending officer withholds 351 shares for taxes
Rhea-AI Filing Summary
Southside Bancshares Inc. chief lending officer Curtis Burchard reported a tax-withholding disposition of 351 shares of common stock on July 18, 2026, at $34.84 per share, with the price based on the prior business day’s close. Following this withholding, he directly holds 8,488 shares, and an additional 220 shares are held indirectly through an ESOP. The filing indicates the transaction was not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 351 shares
Net Sell
2 txns
Insider
Burchard Curtis
Role
CHIEF LENDING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1 | 351 | $34.84 | $12K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,488 shares (Direct);
Common Stock — 220 shares (Indirect, ESOP)
Footnotes (1)
- F1. As transaction was on a non-business day, the price reflects the closing price of the previous business day.
Key Figures
Shares withheld for taxes: 351 shares
Tax withholding price: $34.8400 per share
Direct holdings after transaction: 8,488 shares
+2 more
5 metrics
Shares withheld for taxes
351 shares
Tax-withholding disposition of common stock on 2026-07-18
Tax withholding price
$34.8400 per share
Value based on closing price of previous business day
Direct holdings after transaction
8,488 shares
Common stock directly owned by Curtis Burchard following withholding
Indirect ESOP holdings
220 shares
Common stock held indirectly through ESOP
Tax-withholding transactions
1 transaction
Count of F-code tax-withholding dispositions reported
Key Terms
tax-withholding disposition, Rule 10b5-1, Employee Stock Ownership Plan, non-business day
4 terms
tax-withholding disposition financial
"Reported as a tax-withholding disposition of 351 shares of common stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Rule 10b5-1 regulatory
"Indicates the transaction was not made under a Rule 10b5-1 plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Employee Stock Ownership Plan financial
"An additional 220 shares are held indirectly through an Employee Stock Ownership Plan"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
non-business day financial
"As transaction was on a non-business day, the price reflects the prior close"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What type of transaction code was used in the SBSI Form 4 for Curtis Burchard?
The Form 4 lists transaction code “F”, described as payment of tax liability by delivering securities. This reflects a tax-withholding disposition rather than a discretionary market purchase or sale of Southside Bancshares shares.